The Accounting Cycle
Publisher: Bookboon
Published: 2013
ISBN-13: 9788776814861
Table of contents: title: Innhold; title: Part 1: Welcome to the World of Accounting; title: Accounting Information; title: Accounting Defined; title: Financial Accounting; title: Managerial Accounting; title: A Quality Information System; title: Inherent Limitations; title: The Accounting Profession and Careers; title: Accounting and Professional Ethics; title: The Fundamental Accounting Equation; title: Assets; title: Liabilities; title: Owners’ Equity; title: Balance Sheet; title: How Transactions Impact the Accounting Equation; title: Edelweiss Collects an Account Receivable; title: Edelweiss Buys Equipment With Loan Proceeds; title: Edelweiss Provides Services to a Costumer on Account; title: Edelweiss Pays Expenses With Cash; title: Generalizing About the Impact of Transactions; title: Distinguishing Between Revenue and Income; title: The Core Financial Statements; title: Financial Statements; title: Income Statements; title: The Statement of Retained Earnings; title: Balance Sheet; title: Statement of Cash Flows; title: Articulation; title: Unlocking the Mystery of Articulation; title: Part 2: Information Processing; title: Accounts, Debits and Credits; title: Accounts; title: Debits and Credits; title: The Fallacy of “+/-” Nomenclature; title: The Debit/Credit Rules; title: Assets/Expenses/Dividends; title: Liabilities/Revenues/Equity; title: Analysis of Transactions and Events; title: Determining an Account’s Balance; title: A Common Misunderstanding About Credits; title: The Journal; title: Illustrating the Accounting Journal; title: Special Journals; title: Page Numbering; title: But, What are the Account Balances?; title: The General Ledger; title: Posting; title: To Review; title: The Trial Balance; title: Debits Equal Credits; title: Financial Statements From the Trial Balance; title: Computerized Processing Systems; title: What do they Look Like; title: T-accounts; title: Comprehensive T-accounting Illustration; title: Chart of Accounts; title: Control and Subsidiary Accounts; title: Part 3: Income Measurement; title: "Measurement Triggering” Transactions and Events; title: The Meaning of “Accounting” Income; title: More Income Terminology; title: An Emphesis on Transactions and Events; title: The Periodicity Assumption; title: Accounting Implications; title: Basic Elements of Revenue Recognition; title: Payment and Revenue Recognition; title: Basic Elements of Expense Recognition; title: Payment and Expense Recognition; title: The Adjusting Process and Related Entries; title: Illustration of Prepaid Insurance; title: Illustration of Prepaid Rent; title: I’m a Bit Confused – Exactly When do I Adjust?; title: Illustration of Supplies; title: Depreciation; title: Unearned Revenues; title: Accruals; title: Accrued Salaries; title: Accrued Interest; title: Accrued Rent; title: Accrued Revenue; title: Recap of Adjustments; title: The Adjusted Trial Balance; title: Alternative Procedures for Certain Adjustments; title: Accrual- Versus Cash-Basis Accounting; title: Modified Approaches; title: Illustration of Cash-Versus Accrual Basis Accounting; title: Part 4: The Reporting Cycle; title: Preparing Financial Statements; title: An Illustration; title: Considering the Actual Process for Adjustments; title: Financial Statements; title: Computerization; title: A Worksheet Approach; title: An Additional Illustration; title: The Accounting Cycle and Closing Process; title: The Closing Process; title: Post Closing Trial Balance; title: Revisiting Computerization; title: Reversing Entries; title: Classified Balance Sheets; title: Assets; title: Liabilities; title: Equity; title: Other Entity Forms; title: Notes to the Financial Statements; title: Business Liquidity and the Operating Cycle; title: Working Capital; title: Current Ratio; title: Quick Ratio